Manufactured Home Community for Sale in Greenwich, Ohio

This Mobile Home Park is Off Market

Mobile Home Park for Sale

Number of MH Lots:

102

Cap Rate:

10.6%

Status:

Off Market

Property ID:

15625

Posted on:

Aug 20, 2010

Updated on:

Mar 19, 2012

Property Description

Marcus & Millichap is pleased to present a 102 unit manufactured housing community in the quaint city of Greenwich, Ohio. Greenwich is located 20 miles West of I-71 which is the main thoroughfare between Cleveland, Columbus and Cincinnati. Woodlyn Acres is positioned between the budding cities of Norwalk, Ohio and Ashland, Ohio and 53 miles Southwest of Cleveland, Ohio. Woodlyn Acres offers a potential investor the opportunity to walk in and cash flow day one as well as continue to grow occupancy and possibly expand on the additional 40 plus or minus acres included in the deal. The 12 acre community boasts spacious lots, off street parking and recent upgrades made to water, sewer and electrical components. Woodlyn Acres can be secured at just over 14,000 per site and offers a 14.41 percent cash-on-cash return based off actual numbers. Current ownership takes pride in his properties and has done a very good job maintaining the community.